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US adds 312,000 jobs in December, far surpassing expectations

US adds 312,000 jobs in December, far surpassing expectations

The US added 312,000 jobs in December, a huge rise well above forecasts that came amid volatile stock markets, a government shutdown and signs the economy is slowing. The latest figures from the labour department, released on Friday, showed that the...

Guardian, 4 January 2019
 
Monarch's engineering arm collapses with loss of 450 jobs

Monarch's engineering arm collapses with loss of 450 jobs

The engineering arm of the collapsed airline Monarch has gone into administration, resulting in the loss of 450 jobs. KPMG was appointed to carry out the process after Monarch Aircraft Engineering (MAE), owned by the private equity firm Greybull...

Guardian, 4 January 2019
 
Brexit ferry firm: who are the 'old sea dogs' behind venture?

Brexit ferry firm: who are the 'old sea dogs' behind venture?

Their ranks include a retired submarine officer, a former veal exporter and a lawyer specialising in the insurance of class actions. While the men behind Seaborne Freight might not have expected the level of scrutiny to which they are now being...

Guardian, 4 January 2019
 
'Low and no' to extreme craft: the drink trends for 2019

'Low and no' to extreme craft: the drink trends for 2019

While some things about alcohol will never change – such as the bacchanalian urge to tell our friends how much we love them after we’ve had a few – the drinks market is constantly changing. Over recent years the big trend has been gin. Annual sales...

Guardian, 4 January 2019
 
Body parts scandal: boss vows to fight for firm 'to the very end'

Body parts scandal: boss vows to fight for firm 'to the very end'

The head of the Scottish clinical waste company accused of stockpiling several hundred tonnes of toxic and infectious hospital waste, including body parts, has said he will fight to save the company “to the very end”. Garry Pettigrew, the managing...

Guardian, 4 January 2019
 
US jobs growth jumps in December

US jobs growth jumps in December

The US economy created many more jobs than expected in December, according to the latest government data. Employers added 312,000 jobs, far ahead predictions of 177,000, the Labor Department said. The unemployment rate nudged higher to 3.9%, but is...

BBC, 4 January 2019
 
'Democratiser of the skies', budget airline's Herb Kellher, dies

'Democratiser of the skies', budget airline's Herb Kellher, dies

The pioneer of low-cost aviation “without whom there would be no Ryanair”, Southwest Airlines founder Herb Kelleher, has died aged 87. Kelleher set up his budget carrier in Texas 50 years ago and changed the face of flying, stripping back costs and...

Guardian, 4 January 2019
 
More credit unions failing but membership growing

More credit unions failing but membership growing

Nine credit unions went bust last year, the highest number of collapses since 2010 when 10 went into default. It brings the total that have gone under in the past decade to 73. Despite this, the number of credit union members has risen by 250% over...

BBC, 4 January 2019
 
Wells Fargo employees say little has changed since fake accounts scandal

Wells Fargo employees say little has changed since fake accounts scandal

It has been two years since Wells Fargo was embroiled in one of the biggest banking scandals in history. Under pressure to hit sales targets it was revealed that staff had created millions of fake bank accounts in order to hit their goals. Despite...

Guardian, 4 January 2019
 

Buccleuch Property joins forces to buy London office

Edinburgh-based Buccleuch Property and joint venture partner Wrenbridge have snapped up a major office building in London. The Luma building on Clapham Road provides 25,000 square feet of office accommodation over seven floors and was constructed as...

Scotsman, 4 January 2019
 
Eurostar expands London-Amsterdam service to three trains a day

Eurostar expands London-Amsterdam service to three trains a day

Eurostar, the high-speed rail service connecting the UK with mainland Europe, is putting tickets on sale for a third daily direct service from London to Rotterdam and Amsterdam. The extra service, due to launch on 11 June, is in response to strong...

Guardian, 4 January 2019
 
UK house prices take pre-Brexit hit, says Nationwide

UK house prices take pre-Brexit hit, says Nationwide

British house prices took a pre-Brexit hit in December, rising by their slowest pace in nearly six years in annual terms, according to data from mortgage lender Nationwide. House prices fell by 0.7% percent from November, the biggest monthly fall...

Guardian, 4 January 2019
 
Economy Energy banned from taking on new customers

Economy Energy banned from taking on new customers

Energy supplier Economy Energy has been banned from taking on new customers until it improves its customer service. The energy regulator, Ofgem, said the ban would remain in place for three months to allow the firm to improve its customer contact...

BBC, 4 January 2019
 
Groundbreaking designer Joe Casely-Hayford dies age 62

Groundbreaking designer Joe Casely-Hayford dies age 62

The fashion designer Joe Casely-Hayford has died aged 62. Casely-Hayford, who had had cancer for three years, was considered to be one of the great British designers of his generation. He became well known and highly sought after in the late 70s for...

Guardian, 4 January 2019
 

Powercases lands Team GB ski coach as brand ambassador

A Dundee-based tech start-up has secured a Scottish snowsports coach as its new brand ambassador. Powercases (Scotland), which provides portable power products, has agreed a deal with Jamie Matthew, GB Snowsport’s park and pipe freeski head coach....

Scotsman, 4 January 2019
 


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